Delay Granted in EFI Fraud Trial



Federal court judge Paul S. Diamond has granted a delay in the criminal jury trial of three defendants in the EFI fraud case at the request of the new attorney for Harold Young, according to court documents.

The trial for defendants Misty L. Kroesen and her husband Curtis A. Kroesen, former EFI employees, and Young, a businessman from Alabama, was originally scheduled for October 25, 2011 and will now be held on April 5, 2012.

Chrstiopher S. Linton, the new attorney for EFI defendant Young, asked the court to delay the October trial because he needed more time to prepare the case.

As previously reported on monitordaily, sentencing of co-defendants Joseph M. Braas, Michael J. Schlager, Mary C. Stankiewicz and Tomberlin is scheduled for November 2011.

Braas, Schlager, Stankiewicz, the Kroesens, from Lancaster County, PA, and Spann, Tomberlin and Young, from Alabama, were indicted with conspiracy to commit mail fraud and mail fraud, all arising out of a massive, sophisticated loan fraud scheme that resulted in a loss of $53 million.

It is alleged in the indictment that as far back as 2001, before EFI was acquired by Sterling, the defendants were engaging in a systematic fraud at EFI. They are charged with colluding in a pervasive scheme to steal money by looting the accounts of EFI and falsifying EFI’s books, from 2001 through 2007.

Previously on monitordaily New Attorney for EFI Defendant Young Asks Court to Delay Trial, published August 23, 2011

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